Payments solutions provider Seshaasai Technologies initial public offering (IPO) is all set to open for subscription today, Tuesday, September 23. The ₹800 crore IPO will remain open till September 25.
Seshaasai Technologies ranks among the top two payment card producers in India, holding a 31.9% market share in FY25, up from 25% in FY23. It caters to more than 700 clients, including leading BFSI players like HDFC Bank, ICICI Bank, SBI, HDFC Life, and PhonePe. The BFSI segment accounted for nearly 84% of its revenues in FY25.
The company has shown strong financial performance over the past three years. Revenue increased from ₹1,146 crore in FY23 to ₹1,463 crore in FY25, reflecting a CAGR of 13%. Profit after tax (PAT) grew more rapidly, rising from ₹108 crore in FY23 to ₹222 crore in FY25, a CAGR of 43%. Meanwhile, EBITDA margins improved significantly from 17.4% in FY23 to 24.6% in FY25.
Seshaasai Technologies IPO subscription status
The bidding for Seshaasai Technologies IPO will begin at 10:00 am on Tuesday, September 23.
(This is a developing story)
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